B&G Foods Stock Takes a Tumble Ahead of Quarterly Report

BGS is expected to report Q4 earnings on March 2

Feb 24, 2021 at 10:08 AM
facebook twitter linkedin


B&G Foods, Inc. (NYSE:BGS) is an American holding company for branded foods. Its subsidiaries manufacture, sell, and distribute shelf-stable and frozen foods across the U.S., Canada, and Puerto Rico. B&G Foods’ portfolio consists of more than 50 brands. This morning, BGS was last seen down 0.9% at $31.31.

Last week B&G Foods set the date for the release of its fourth-quarter financial results. BGS intends to release the results after the market closes on Tuesday, March 2. Analysts project B&G Foods to report an earnings per share (EPS) of $0.45 in its upcoming report. Looking at recent history, B&G Foods has outperformed earnings expectations on three of its last four quarters, and came in-line with the other.

For the fourth quarter of 2019, B&G Foods met analysts’ expectations at an EPS of $0.28. For the first quarter of 2020, BGS increased its EPS to $0.46, beating expectations by a margin of $0.03. For the second quarter of 2020, B&G Foods increased its EPS to $0.71 and beat expectations by $0.10. In its most recent quarterly earnings report, BGS increased its earnings to $0.74 per share. B&G Foods also beat earnings expectations by a margin of $0.08. A positive earnings report next week could trigger B&G Foods stock jump up in price significantly.

So far in 2021, B&G Foods stock has increased 14%. In addition, BGS stock price has more than doubled over the past year and has just about tripled from its nine-year low of $10.39. However, B&G Foods stock has seen a dip in the past month, dropping 34% from its four-year high of $47.84. 

BGSTVchart

Moreover, with a forward dividend of $1.90 and a dividend yield of 6.15%, BGS ranks on the higher end of the spectrum for dividend-paying companies. B&G Foods stock also offers an intriguing price-earnings ratio of 15.63 and a forward price-earnings ratio of 13.39. Furthermore, B&G Foods has generated some impressive growth in 2020. The company increased its revenues by roughly $270 million over the past year. BGS also added more than $50 million to its net profits.

On the flipside, B&G Foods doesn’t necessarily have the most consistent growth rate, with revenues and net income often fluctuating throughout the years. Additionally, its balance sheet holds an outstanding amount of debt, totaling $1.84 billion. In contrast, B&G Foods only has $56.97 million in cash and cash equivalents. Overall, BGS is on the riskier side of dividend plays. However, it does offer a decent valuation, as well as a high dividend yield, in exchange for that risk.

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners